{"schema_version":"1.0","name":"EDE2 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"20ac811d-2b27-40e7-8064-025b16c9b043","symbol":"EDE2","name":"Msci Emerging Ex China","exchange":"GER","country":"DE","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression, Directional strength and control, Drawdown and recovery pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":29,"displayedObservations":29,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-08-21"],"values":[-0.037197],"opens":[12.788],"highs":[12.85],"lows":[12.33],"closes":[12.722],"hoverRows":[[{"label":"Open","value":"12.8","className":"is-ohlc","compact":true},{"label":"High","value":"12.8","className":"is-ohlc","compact":true},{"label":"Low","value":"12.3","className":"is-ohlc","compact":true},{"label":"Close","value":"12.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[11.602,13.842],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains below zero and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains below zero and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[10.548,10.816,11.09,11.31,10.246,10.116,10.036,9.925,10.114,10.98,11.624,11.638,11.624,12.634,12.136,12.43,13.024,12.434,12.902,13.49,13.07,13.078,12.764,11.834,12.022,11.948,12.258,12.612,12.722],"consensus":[70.6667,11.2903,100.0,17.3745,-82.5689,-48.6187,-47.2062,-47.6077,0.0,61.9037,71.3378,57.274,38.3815,88.4891,11.7816,73.1105,73.558,-14.6386,68.2189,50.4708,28.9839,46.1864,15.7239,-40.9529,-15.4985,-25.5662,14.8406,46.8408,27.4594],"supportDates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,-38.0153,-41.3982,-34.802,0.0,59.6366,77.976,59.5784,28.5461,88.5877,11.4719,67.674,72.1501,-16.1692,74.6452,31.4238,39.1558,52.479,27.7797,-23.449,-4.987,-13.316,19.7517,40.4789,24.8819],"force":[70.6667,11.2903,100.0,17.3745,-92.903,-41.9197,-30.1805,-41.0978,0.0,63.3966,53.9164,29.4778,7.1256,97.745,28.3398,81.9703,83.1228,-75.7339,67.0047,57.1738,6.0296,22.4632,7.4832,-59.7046,-1.7574,-22.5525,55.4201,79.6045,23.2237],"direction":[null,null,null,null,-75.1874,-65.5218,-66.0051,-66.8927,0.0,63.4284,76.1952,74.495,71.9475,81.7651,67.0153,72.9952,68.335,-30.7502,61.7417,67.4508,42.3685,55.9398,18.5225,-47.5632,-39.8374,-41.7191,19.7575,30.7089,33.4305],"intensity":[null,null,null,null,100.0,40.0,16.6667,28.5714,25.0,88.8889,80.0,72.7273,16.6667,92.3077,71.4286,40.0,87.5,70.5882,55.5556,78.9474,65.0,4.7619,36.3636,91.3043,66.6667,68.0,73.0769,33.3333,14.2857],"confirmation":[45.28,26.2796,54.6667,28.2265,72.2278,83.5154,82.6756,83.2312,6.5351,87.8892,90.196,85.4455,56.8127,96.5971,34.0616,91.7482,91.8515,35.7497,89.6951,84.6452,54.6724,81.9608,51.0704,81.9431,27.6354,76.276,32.7925,84.0845,55.0],"persistence":[null,null,100.0,100.0,60.0,33.3333,14.2857,0.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,87.5,100.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,25.0,25.0,25.0,25.0],"assessmentRisk":[null,null,null,null,17.0609,19.6155,25.3161,26.0318,13.341,16.266,14.1684,21.2921,30.6813,5.6219,31.5322,8.6851,12.6417,12.6002,12.1411,23.6401,9.8955,19.7434,21.7004,29.3129,40.2369,35.716,47.0364,23.3224,31.9065],"volumeParticipation":true,"latest":{"consensus":27.5,"control":24.9,"force":23.2,"direction":33.4,"confirmation":55.0,"persistence":25.0,"assessmentRisk":31.9,"intensity":14.3,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+27.5","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+24.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+23.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+33.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"62.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"31.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"78%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned upward.","series":[{"label":"Close","values":[10.548,10.816,11.09,11.31,10.246,10.116,10.036,9.925,10.114,10.98,11.624,11.638,11.624,12.634,12.136,12.43,13.024,12.434,12.902,13.49,13.07,13.078,12.764,11.834,12.022,11.948,12.258,12.612,12.722],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10.6991,10.5931,10.4918,10.3887,10.3388,10.4554,10.6679,10.8442,10.986,11.2856,11.4403,11.6202,11.8754,11.977,12.1452,12.3897,12.5134,12.616,12.6429,12.4959,12.4097,12.3258,12.3134,12.3677,12.4321],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10.7419,10.882,10.9749,11.0827,11.2265,11.3159,11.4334,11.5858,11.6957,11.7981,11.8696,11.867,11.8785,11.8836,11.9114,11.9633,12.0195],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,11.4648,11.7227,11.9015,12.0254,12.447,12.598,12.786,13.0856,13.187,13.36,13.627,13.8194,13.9941,14.1053,14.1216,14.098,14.0331,13.9401,13.7918,13.5945],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9.5714,9.5146,9.5057,9.5233,9.3675,9.3802,9.3723,9.3016,9.338,9.3376,9.2847,9.3445,9.396,9.4522,9.4883,9.6895,9.9376,10.2528,10.6698,11.1279],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,157.2061,0.0,0.0,0.0,0.0,32.5473,65.5469,0.0,36.5986,313.84,29.4956,23.4634,147.0411,7.6956,0.0,0.0,65.3905,0.0,221.0042,397.0812,265.0431,33.864],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,65.0,65.0,65.0,65.0,65.0,66.7612,66.7612,67.6417,76.3578,75.5712,76.1714,80.028,79.8253,79.8253,79.8253,78.0599,78.0599,74.6299,82.0037,86.628,87.229],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range 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